Okay! Are you ready?
Did you know there are actually 6 ways you can make money with your website?
We want to take a few minutes to explain how this works.
If you are fairly new to online marketing and you are wondering where to get started here are some methods you can use on your website.
Your website is after all your ‘real estate’ on the internet scene. It’s your space to advertise, market and promote your product or the product you are an affiliate of.
After you have found a product you want to promote, you need to start advertising – in a way that you have a chance to catch some potential customers.
Obviously, on the internet you are not actually face-to-face with your customer as you would be in a door-to-door promotion campaign. You have to attract customers to your product. To do this, you need to have a blog, or a website – some way to attract customers or catch their attention long enough so you can tell them that what you have to offer is what they need. If you learn to do this well, it means you have enough people coming by your website to check things out. This movement of people coming to your website is called ‘traffic’.
Make sure you get started in the right way with a domain name that contains main keywords to make it obvious what your website is all about.
This is a neat little way to bring in some additional cash.
Ask your reader to buy you a cup of coffee, or a beer, or put up your a wish list; ask for something you’d really like to get. Or you could point your visitor to Amazon, for example, to have them get you something from there. If you think it will go over well, you could even ask for something bigger that your visitors would be happy to give you out of gratitude for the valuable offer you’re giving them at your site. You can get yourself an A-store from Amazon, which allows you to get paid commissions from Amazon, and every time someone makes a purchase through your website, you get paid. And yes, you can link to your A-store right from your website. You need to sign up as an associate with Amazon.com in order to avail of this idea.
Go into your Paypal account and create a donate button from ‘my saved buttons’, and simply copy the html coding into your site.
You could try this idea on your blog rather than your main site, or find a part of your site near the bottom of the page which doesn’t have much happening. It’s a really good idea for starters, a simple way to bring in extra cash.
Go slow with experimenting with it and test the waters to see the response and judge from that how to continue.
Your forum or blog is a great place to offer special gifts to your premium members.
If you want a place for some comments back and forth between your members or affiliates, install phpBB on a subdomain on your site. Or simply use the comments box in your WordPress blog.
(If you are getting a bit boggled about how to do this, don’t worry, we will explain more about it through our messages to you).
Or you could have paid forum members get an avatar, and give it to those people who upgrade to a monthly or yearly subscription.
You could also do a periodical email newsletter and charge a small subscription for that.
Like most people, you have some area of expertise. Maybe you are a hobbyist. Maybe you are a stay-at-home parent. You certainly have some gifts or talents. Maybe you can offer cleaning tips, cooking recipes, teaching children, or some other subject that you know quite a bit about.
How about putting together a blog on that subject, and then working once a month to put together a simple, nicely laid out newsletter in PDF format?
How much can you make from this idea? We can explore this idea hypothetically and put some skin on it.
Let’s say you start posting on your every few days on a subject you are an authority on. If it’s a WordPress blog, you will start getting the info-hungry search engines crawling all over your blog every few days. Let’s say you start getting plenty of visitors (maybe 100 a day – which isn’t bad, by the way). If the value you are providing is useful, some of them might want to start subscribing to your newsletter by opting in through your autoresponder form.
Okay, now let’s talk some figures. Supposing you charge them a small amount of $10 a month – which means $120 a year per person. That seems like a small amount, but let’s say, out of 3000 subscribers a month, very conservatively just 2.5% opt in to your subscription offer.
That means 75 subscribers a month.
If you are providing real quality, this figure is more than possible.
Okay, so let’s do the math:
75 x 12 = 900 subscribers at the end of your first year.
How much are you getting in subscriptions?
900 x 120 = $108000 at the end of your first year or $9000 per month from then on, which keeps increasing every month!
Now that’s very good, and this means that you’re getting paid to write about something that you’re probably pretty passionate about.
As an incentive, you can offer them a special discounted price of $90 for a full year – which is about 25% off – if they opt in for an annual subscription. That makes it $7.50 per month – hardly a deterrent for quality info – something almost anyone would be willing to pay.
It’s also a really good way of creating some additional income on your site for starters for information you are giving out which people will benefit from.
Now imagine if your following starts growing, and you start getting more and more traffic. Imagine if you started getting traffic like 50,000 or 100,000 visitors a month.
Calculate the math for that – keeping the 2.5% conversion rate.
Are you starting to get the picture?
Of course, if you are going to do that, you need to make sure you are consistent with your newsletters and blog posts, get them out on time, promote your blog, adverstise, etc., in order to get traffic.
Again, in order to do this effectively, you need a domain, a hosting plan and an autoresponder.
And remember, the best time to start is NOW – because it takes time to grow your traffic.
A contextual ad system scans your text for keywords and returns ads to your web page based on what your visitor is viewing, either through ads placed on the page or pop-up ads. For example, if the visitor is viewing your site and it’s about sports for example, and the site uses contextual advertising, the visitor might see ads for sports-related companies, such as memorabilia dealers or ticket sellers.
You can use contextual ads from Google Adsense, Yahoo ads, Kontera, Microsoft etc.
This is a highly recommended way to start getting online revenue. The bad part about it is you have hardly any editorial control on what Google, for example, wants to place on your website as part of its Adsense distribution.
It’s ok to use at the exit point of your website (where people would leave your site), or if you aren’t selling products yourself, as the contextual advertisers can take your traffic away. Of course, that’s not always desirable.
The bigger you are, of course, the less necessary it is to use this method, as you are losing traffic and buyers to your competitors. Again a good place to start is on your blog, go slow and test the waters.
An affiliate marketer is someone who connects a customer (someone wanting to make a purchase online) to a merchant (someone who has the product the customer wants to buy).
You know how, when a salesman goes around promoting a product, he maybe allowed a certain percentage of the proceeds from the sale to keep as an incentive?
Well, this is exactly how affiliate marketing works. There are companies online that offer you upto 75% of their sales as commissions for helping them get a sale. There are many companies online that have affiliate programs. If you want to find these, just do a search saying “Company or industry name+affiliate”, and you will find some that appeal to you. Signing up is usually free, and they also have all kinds of tools to help you do a better job, the affiliate. When you sign up, the merchant usually gives you a unique affiliate ID, and any banners, promotional products you get from them will have this ID embedded in them.
There are different ways to generate traffic – meaning lots of visitors who come to check out your site: free and paid methods. Free advertising often consists of writing articles or reviews of a product, and then guiding traffic to either your affiliate link, or to a landing page on your website or blog, which then takes them to the product via your affiliate link which is posted there.
Once you have the traffic coming to your site, it’s not enough! You need to ensure that the majority of them are not just ‘window shoppers’. You need to have ‘conversions’ – which is simply a word that means traffic that becomes customers! When you get conversions, that means your merchant now pays you commissions. And that means cash!
By the way, at your affiliate website, your merchant will have all kinds of links, banners, etc. for connecting your traffic to your product, which will have your unique affiliate ID embedded in them. That way, when the customer goes and buys the product from your merchant, the merchant will know that you were the salesperson because of this ID, and he will reward you with the commission.
This is a good way of making money on line especially if you aren’t selling your own product.
This is the most lucrative and the hardest method to use, unless you have an enormous amount of traffic and readership on your blog. But it’s definitely worth getting into!
If you already have a good website with thousands of people visiting every day, maybe you haven’t already started using this method – where other advertisers are constantly hounding you, wanting to advertise on your website, willing to actually pay you for the opportunity to get on your site with their offers.
If you have a product which you want to advertise and sell, either your own creation, or an original product that isn’t advertised by anyone else on the net, this is the way to go, by setting up your own website. It’s a great way to market, promote and advertise and it’s up to you to make it work. You should learn the skills of back linking and seo, article writing and press releases and all that goes on behind the scenes to make your website a winner with organic traffic. You sit back and the money comes in automatically!
The best thing that you can do right away is learn to set up websites on micro niches – which have little or no competition in the search engines. These will help you get easily ranked on page 1 of Google, and you will start getting traffic to the tune of about 5000 to 10,000 a month. While this doesn’t look too impressive compared to other figures like 200,000 hits a month, you still have a great chance of converting some of that traffic into sales, plus Adsense clicks – all of it together producing a neat little passive income source. If each of your websites brings you $100 per month, imagine setting up 10-15 such sites. That is a cool $1000-1500 per month!
To get started now with creating your own website, click here.